Netflix subscribers, oil prices, Bitcoin volatility - what's moving markets

SLB (SLB) PT Lowered to $62 at BofA Securities

BofA Securities analyst Chase Mulvehill lowered the price target on SLB (NYSE: SLB) to $62.00 (from $63.00) while maintaining a Buy rating.

The analyst comments "Were tweaking our 2024E / 25E Adj. EBITDA by -1% to $9.25 / $10.33bn to allow for 1) modestly weaker NAM in 2024E, and 2)... More

SLB (SLB) PT Lowered to $64 at BMO Capital

BMO Capital analyst Philip Jungwirth lowered the price target on SLB (NYSE: SLB) to $64.00 (from $66.00) while maintaining a Outperform rating.

The analyst comments "We viewed SLB's 1Q24 results as in line, while 2Q24 guidance implies ~$0.82-0.84 EPS, near consensus. While a quarterly... More

SLB (SLB) PT Lowered to $64 at JPMorgan

JPMorgan analyst Arun Jayaram lowered the price target on SLB (NYSE: SLB) to $64.00 (from $65.00) while maintaining a Overweight rating.

The analyst comments "SLBs 1Q24 results and 2Q24 guide generally matched consensus expectations yet the shares slid 2.1%, lagging its OSX and Large Cap OFS peers by 287bps and 332bps, respectively. We think the culprit was the slight EBITDA margin miss (23.6% vs. JPMe of 23.7%) as D&I and Well Construction margins were light. In particular, we sensed buyside disappointment on D&I... More

Procter & Gamble (PG) PT Raised to $182 at Jefferies

Jefferies analyst Kaumil Gajrawala raised the price target on Procter & Gamble (NYSE: PG) to $182.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "F3Q EPS beat expectations, growing +11%. The solid delivery comes despite volatile macro conditions and a one-off retailer... More

SLB (SLB) PT Lowered to $65 at Citi

Citi analyst Scott Gruber lowered the price target on SLB (NYSE: SLB) to $65.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "SLB slumped on Friday due to a disbelief that full year guidance was still reasonable, despite management reiterating their mid-teens EBITDA... More

American Express (AXP) PT Raised to $260 at Deutsche Bank

Deutsche Bank analyst Mark DeVries raised the price target on American Express (NYSE: AXP) to $260.00 (from $240.00) while maintaining a Buy rating.

The analyst comments "AXP reported a 1Q24 headline beat driven by lower-than-expected opex and provision, with revenues in-line with consensus, though at the high end of the 9%- 11% guidance range.... More

Netflix (NFLX) raised to Buy at Needham & Company on revenue upside

On Friday, Netflix (NASDAQ: NFLX) received an upgrade to 'Buy' from 'Hold' by Needham, with the firm setting a new price target of $700 for the streaming giant's stock. The upgrade follows Netflix's first-quarter earnings release, which showcased a revenue of $9.4 billion, marking a 15% year-over-year increase and surpassing estimates by 1%. The company's GAAP earnings per share (EPS) also rose significantly by 83% year-over-year to $5.28,... More

Netflix (NFLX) PT Raised to $505 at MoffettNathanson

MoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $505.00 (from $500.00) while maintaining a Neutral rating.

The analyst comments "In the pre-streaming age, media companies were bounded by the linear-ness of linear TV. Each network, in only being able to show... More

Schlumberger (SLB) earnings in-line, revenue beats expectations

Schlumberger (NYSE: SLB), a leading oilfield services company, reported first-quarter earnings per share (EPS) of $0.75, meeting analyst estimates, according to a recent press release. The company's revenue reached $8.71 billion, slightly above the consensus estimate of $8.7 billion, marking a 13% increase from the same quarter last year.

Despite the in-line earnings, SLB shares saw a modest decline of 1.2% following the announcement.

CEO Olivier Le Peuch highlighted the company's robust year-on-year growth, with a... More

Barclays on Netflix (NFLX): 'Narrative shifting to a more conventional media story arc'

Barclays analyst Kannan Venkateshwar reiterated an Equalweight rating and $550.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Sub growth remains strong: As was widely expected already, Netflixs subscriber growth came in strong at 9.3mm, one of the best Q1s ever outside of Covid impacted periods as paid sharing driven momentum continued into the quarter. The companys performance in the UCAN region, its most mature market, continues to be the standout with... More

Netflix (NFLX) PT Lowered to $540 at Rosenblatt

Rosenblatt analyst Barton Crockett lowered the price target on Netflix (NASDAQ: NFLX) to $540.00 (from $554.00) while maintaining a Neutral rating.

The analyst comments "Netflix's 1Q24 featured strength -- adding substantially more members than expected, accelerating revenue growth and beating margin guidance. But the... More

Netflix (NFLX) PT Raised to $726 at Wells Fargo, 'Our '25 EPS of $25 is +17% vs Street'

Wells Fargo analyst Steven Cahall raised the price target on Netflix (NASDAQ: NFLX) to $726.00 (from $650.00) while maintaining a Overweight rating.

The analyst comments "We think NFLX has significant op leverage and margin discretion, underpinned by strong rev growth. Upward revisions are the... More

Oppenheimer on Netflix (NFLX): 'We expect increased investor support...'

Oppenheimer analyst Jason Helfstein reiterated an Outperform rating and $725.00 price target on Netflix (NASDAQ: NFLX)

The analyst ocmments "We expect increased investor support as Paid Sharing proving longer duration subscriber tailwind through 24, with advertising/price increases in 25; reiterating Outperform and $725 target.... More

Citi Stays Sidelined on Netflix (NFLX), Sees Downside Pressure Potential from Investors re: reduced disclosures

Citi analyst Jason Bazinet reiterated a Neutral rating and $660.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "NFLX reported 1Q24 revenue 1% above the Street and operating income that was 9% above the consensus. In addition, Netflix reported 9.3 million net adds during the quarter,... More

BMO Capital on Netflix (NFLX): 'Thesis Intact'

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $713.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Thesis intact; reiterate OP given: 1) higher-than-expected member growth of 9.3M vs. BMO 6.2M/Street at 4.8M w/ continued growth for 2024+ given ongoing paid... More